New AIS Update 4.0 | 10 Luxury Items Income Tax विभाग के Radar पर - सावधान

New AIS Update 4.0 | 10 Luxury Items Income Tax विभाग के Radar पर - सावधान

The Income Tax Department has updated the Annual Information Statement (AIS) Handbook (v4.0.0), and they are now tracking specific "Luxury Goods" purchases. It’s not just about cars anymore—even your shoes sunglasses and hobbies are on the radar!
In this video I decode the new Lifestyle Reporting Rules for FY 2025-26. We cover the strict Cash Limits and the TCS rules that can trigger an automatic Income Tax Notice if you aren't careful.
🔥 Topics Covered:
• The New List: Why Watches Shoes Bags and even Horses are now tracked in AIS.
• The ₹10 Lakh Rule: Understanding TCS (Tax Collected at Source) on luxury items.
• The Dangerous ₹2 Lakh Limit: Why paying cash above this amount attracts a 100% Penalty under Section 269ST.
• How to Buy Safely: The correct mode of payment to avoid scrutiny.
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This video is merely a guide meant for learning purpose only. All the instructions, references, content or documents are for educational purpose only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisor as to the risks involved may be obtained and necessary due diligence, etc..may be done at end.

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Видео New AIS Update 4.0 | 10 Luxury Items Income Tax विभाग के Radar पर - सावधान канала The Maurya AFT Classes